Magpie Limited

Magpie Ltd from Burgess Hill, UK, is a small, active company founded sixteen years ago. With four employees and £306,811 in assets, it operates from a real address and is overseen by two directors and a single owner. The company is a regular importer of optical and medical tools and devices (for fifteen months) and a regular exporter of soaps, cleaning products, and waxes (for twelve months).

The company’s website, Magpie Beauty, showcases a vibrant e-commerce platform specializing in nail art products. It's clear that the business is focused on retail, with a wide range of gels, acrylics, nail art accessories, and educational resources. The site highlights a "family-run" approach and emphasizes ethical manufacturing practices, focusing on safe formulations and sustainability. They even offer training courses and host events, indicating a commitment to building a community around their brand.

Financially, Magpie Ltd presents a mixed picture. Property, plant, and equipment saw a slight increase, but cash reserves have taken a significant hit, dropping 47% to £69,000. Bank borrowings have also decreased, which is a positive sign. Creditors have decreased substantially, suggesting better management of debts. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the drop in equity is noticeable. The company’s net assets also decreased, which could be a concern. No auditor is mentioned, which is common for small companies exempt from an audit.

The business seems to be doing well with its online sales, but the financial data suggests it’s facing some challenges. The company’s focus on education and community building, however, could provide a buffer against these pressures, and hopefully, will help them to turn things around.

Registered in England/Wales under the registration number 06841035, with a registered address at RH15 9TN, England, Burgess Hill, West Sussex, Unit 1 Albert Drive.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.